The Roles of Free Trade Agreements in Vietnam’s Foreign Trade during Covid-19

International Journal of Economics and Management Studies
© 2022 by SSRG - IJEMS Journal
Volume 9 Issue 4
Year of Publication : 2022
Authors : Thi Hong, Nguyen
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How to Cite?

Thi Hong, Nguyen, "The Roles of Free Trade Agreements in Vietnam’s Foreign Trade during Covid-19," SSRG International Journal of Economics and Management Studies, vol. 9,  no. 4, pp. 37-43, 2022. Crossref, https://doi.org/10.14445/23939125/IJEMS-V9I4P105

Abstract:

Covid -19 has impacted many aspects of lives, and economics and trade are also very severe worldwide; Vietnam is also excluded. Many activities in Vietnam had to block from 2020-to 2021, causing this pandemic. Surprisingly, Vietnam's foreign trade balance was still surplus in 2020 and 2021, and the trade growth rate in 2021 was higher than in 2020. Especially, trade-in and outflows from FTA members increased greater than one non-FTA member. More interesting, Vietnam's foreign trade with the new FTA has increased impressively. However, Covid-19 impacts private and state-owned enterprises more severely than FDI enterprises, especially during some months blocking all activities in Vietnam.

Keywords:

Covid-19, Exports, FTAs, Imports.

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